ND HB1353

Extends income tax credit eligibility to wind energy devices installed after December 31, 2012 and before January 1, 2015, allowing individual taxpayers to claim a 3% annual credit for five years on acquisition and installation costs.

Allows excess tax credits for wind energy devices installed after December 31, 2011 to be carried over to ten succeeding taxable years (modified from previous twenty-year carryover for devices installed before January 1, 2012).

Adds wind energy device installation credit to the list of credits allowable against individual income tax liability under section 57-38-30.3.

Modifies sales tax exemption provisions to reduce the nameplate capacity threshold for wind-powered electrical generating facilities from "one hundredtwenty kilowatts" to an unspecified lower amount to encourage smaller wind generation units.

Effective dates: Sections 1 and 2 apply to taxable years beginning after December 31, 2012; Section 3 applies to taxable events occurring after June 30, 2013.